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CNBC
Jan 23, 2013 3:00pm EST
competiti competition. find out which blue chip stock is the better bet for your portfolio coming up in just a moment here. >> plus, fireworks on capitol hill today. >> what difference at this point does it make? it is our job to figure out what happened and do everything we can to prevent it from ever happening again. >> yeah. hillary clinton slamming her fist on the desk repeatedly. what was that all about? stick around to find out. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can esca
CNBC
Jan 2, 2013 3:00pm EST
yourself. >> we can use our imaginations. we can do the math. >> thanks, john. >> you bet. see you later. called me old-fashioned but i don't think it's appropriate in the people's house. >> let's hope harwood can rise above the d.c. rhetoric. >> of course he can, and as we head towards a debt ceiling showdown how do we reach a deal in this obvious hostile environment? >> let's get perspective from republican tom cole along with democratic congressman adam schiff. congressman cole, first to you. how can we expect a deal amid all this partisan bickering? >> well, i think if the president will lead, we'll put forward real spending cuts, real entitlement reform, we'll be able to handle this. so far he hasn't done that. talks a lot about a balanced approach. he got revenue last night. frankly i worked on that, and helped my friends achieve that, but now it's time for him to live up his end of the bargain and put serious spending cuts and serious entitlement remember forms on a table. if he does, he'll find willing partners in the republican conference. >> congressman schiff, that's the big q
CNBC
Jan 9, 2013 3:00pm EST
and over were real estate, wall street making a big bet on real estate. i like it, i think it's a good bet, and also the multi-nationals. like what's happening as far as the materials stocks go. look at that for a good entry point as i do think we go into a period of consolidation. >> those dividend payers are certainly breathing a sigh of relief given where the law ended up on that fiscal cliff deal. let me ask you, bill. small caps versus large caps. do you need the large caps to go up in order for the small caps that you own to follow suit, or do you think the small caps can do well regardless? >> i think small caps will do well regardless. i do think, you think about the big themes for 2013 that we expect to do well. talking about the industrials. hopefully tech getting better. these are areas where the big companies may be hard to get bigger but for the small companies they can do extremely well. one other point that was earningsed earlier about ipos. there is supply demand and balance here. as money comes back from bonds and other areas into the equity market, there isn't as
CNBC
Jan 16, 2013 3:00pm EST
australian. >> another guy coming in to i believe bet against bill ackman rather than having done the fundamental analysis to see whether this is a company they want to earn over the long term. so much controversially. >> ackman could get his derriere handed to him here. >> and i think everyone may end up winning in this one. you watch. >> everyone wins. that's the new america. everyone's a winner. >> we're all special. >> thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody. good afternoon. into the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the dow's five-day winning streak looks to be in jeopardy, bill. >> watch that in the final hour. i'm bill griffith where you do pronounce the "h." dell dragging the dow lower and dreamliner grounding planes after an emergency landing. more on that developing story coming up in a little bit. >> dimon roughed up a bit, jamie dimon's compensation takes a by the due to the hits they suffered due to the so-called london whale. >> banking sector did pretty wel
CNBC
Jan 30, 2013 3:00pm EST
big bet. jon? >> reporter: maria, there's often a sell on the news effect with these events and also the reviewers, pretty universally positive on this device, but of all the reviewers i spoke to, i said would you dump your current phone for it? he said, i don't know. there's a question is this good enough? the u.s. launch comes in early march. that's a positive. it's not a thing where they are announcing it and maybe we'll get it in six months so that's good and alicia keys is joining rim as areat director. i spoke to torsten heinz in the last hour about what that means. he said she will be working on a project basis and will marshall troops behind her and bringing her message to the world. maybe that will help turn things around. more devices are coming this year. they will try to bring the bb-10 operating system to lower price points. maybe that expand the market a bit. smartphones are really growing and trying to grow in markets like north america which are largely saturated so those lower price points could be important for them. the big question though, will consumers swit
CNBC
Jan 10, 2013 3:00pm EST
are betting on this enormous population in china and throughout asia? >> it would be a huge loss for apple. i mean, they are already seeing subscriber share for the iphone in china go down to companies like samsung and lenovo so this would be a pretty big loss. they would have to figure something else out in the country. >> yeah. david. can you address the issue of the margins? i mean, that seems to be the single most issue, most important issue affecting the way people feel about this company. margins are compressing. they are not growing nearly what they were before. if apple comes out with an iphone mini, that's only going to hurt margins even more as it tries to establish itself in emerging markets like china. >> well, that's right. i mean, apple had the best of both worlds. they could sell a premium products at ridiculously high margins and grow faster than anyone else. that is clearly being challenged, but as i say, the stock right now after this decline over the last couple of months reflects a lot of skepticism about margins, so they are better off getting more volume, and, r
CNBC
Jan 4, 2013 3:00pm EST
what's in style right now. not lulu lemon. its best days are behind it, no pun intended. >> i'm betting on yoga moms and not on hipsters. >> very good. thank you both. happy new year. see you later. >> speaking of yoga. >> michelle. >> every woman in my yoga class. >> i'm not a yoga mom or yoga gal but lulu lemon an 80%, 90% hit rate in yoga class. dow jones industrial average is higher right now by about 48 points. we've got about 29 minutes before the "closing bell," and the s&p is higher by 8.07, above the all-time high level, five-year high. we need to stay above 1465.77 to do it. we're right there, right now. with 29 minute to go before the closing bell. goldman sachs accelerating stock grants to top executives hours before this year's higher taxes kicked in. we're going to hear from somebody who says if you wonder why goldman has the corporate reputation of o.j. simpson, his phrase, it's because of stunts like this. plus, how is the tax deal that congress just reached this week impacting wall street? we'll hear from the chairman and ceo of furniture-maker ethan allen. that's next.
CNBC
Jan 22, 2013 3:00pm EST
bet. >> you're losing money on those accounts, right? >> the reality it's grown so much because of the strong asset gathering, we've been doing the last two years over $40 billion. the reality is the percentage of client cash to total assets is actually still in the range of 15% to 20%. it hasn't moved. >> what's going to bring them back then? go back to that first question michelle was asking what. will get that $90 billion to be put to work again, do you think? >> i do believe that what we have right now is the economy is getting better. the equity markets have improved. standard & poor's 500 was up. the s&p 500 was up 13%, 14%, up 4% year to date. >> right. >> the economy is starting to show good signs. as long as we don't have it derailed in washington. >> i was just going to ask. >> i think things could get better. >> could washington still screw this up? >> absolutely. i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, ha
CNBC
Jan 24, 2013 3:00pm EST
throw darts on a board. we bet on sure things. this netflix is a house of cards. sell it. >> couldn't disagree more, mandy. >> you know what, if you're going to use the car analogy, if time warner is the cadillac what kind of car is netflix? >> i think it's the bugati. >> netflix is like a tes. [ laughter ] you don't know if that thing is going to run out of steam in three miles or 30 miles. sell that thing. >> rich, i think the biggest difference with time warner cable, all they can do is offer the consumer a better price on internet. no innovation. not dead in the water but a lackluster year for time warner as you see netflix red box and all these other content providers online take over the space. it's happening right. >> content is king and in the five years you don't know how you're going to get your content but you know who is going to create it. >> guys. got to put a time-out on that one. great debate. great debate. cadillac versus the tesla or the bugati depending on how you look at it. the dow is up about 61 points right now. heading 30 minute before the close. we'll wait and
CNBC
Jan 3, 2013 3:00pm EST
portfolio? we'll look at the charts coming up. >> and after the bell, gap is making a big bet on luxury that. stop is up more than 70% over the past year. does this move put those gains at risk? >> all that and much more coming up on the most important hour of the trading day. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> a day of tradition and pageantry in washington today. 1913th congress was sworn n.john boehner retained his speakership, and while the fiscal cliff in its original form may be in the rear view mirror, lawmakers still have some very big issues to work out. our hampton pearson is following all the actio
CNBC
Jan 8, 2013 3:00pm EST
that regard? are you betting around the world more so than you would in the u.s.? >> this is -- it will be in the u.s., and it will be globally as well. would i say that obviously there are some markets, south korea and japan, which have traditionally led in terms of technology, but the u.s. is doing quite well in terms of technology adoption now in the wireless space. obviously a lot of operating systems are being developed here, so i think the opportunity in the united states is quite strong for that idea of this internet of everything. >> hey, paul, you're a big customer of apple. you have being made over the last six or eight weeks in that stock's performance or lack thereof amid, you know, some concerns about the company's innovation over the long term now that tim cook is running the show over there instead of steve jobs. what would you say to the concerns that apple's best days as an innovator are behind it? >> well, i mean, it's a company of awfully great people, and one guy can't make a company go from being incredibly great to being bad, so i think the bare case makes strong t
CNBC
Jan 15, 2013 3:00pm EST
betting on. >> what do you think, jay? >> i think you're right. look at the iphone 4 s, can you get any more incremental from the iphone 4, looked exactly like the iphone 4 and what was the iphone 4 s, the best selling iphone of all time. there's incremental improvements. doesn't mean people aren't buying it. people still appreciate the incremental improvements and to maria's point there's a huge market out there. apple has 5%, 10%, less than 10% of the overall mobile market. there's still a huge amount of room to grow. >> herb, maybe we should ask serie how to solve this. >> that was an innovation that didn't go the way it should, as was the apple maps. i got the 4s because i was trading up from an older android. if i get tired of this thing. wait for the next apple device, go over to the android, go back to the android? will i go back to a blackberry? i don't know. because we get into this situation where you want something new. you don't want the same old car if your lease is up or buying a new car. this is human nature. >> that's kind of not true though, isn't it, because a lot
CNBC
Jan 14, 2013 3:00pm EST
diversity? making the wrong bets? how come they so badly lagged the rest of the market? >> well, the essential reason for it is they lagged the market because they have to. these pools of capital and mutual funds are so huge, maybe 50%, 55% of the market, it's enormous. they can't outperform each other so they end up being average before cost and below average after cost. that's the math mettics, the rules of humble arithmetic. and those costs are higher than people expect. not only got the management fees, the operating expenses of a fund, they're explicit. some funds are highly priced. but there's also the trading cost. and the trading cost, the transaction cost, these portfolios turned over 100% a year. which is a lot to do with speculation and not very much to do with investing. >> is there no place then for -- in a person's individual portfolio for actively managed funds in your view? >> well, in reality i have to say there is no place. but there will always be managers that outperform, roughly offset by managers that are underperformed. that's just the math. so if you think you
CNBC
Jan 7, 2013 3:00pm EST
bonds this year, our next guest says the most bullish bet may come down to one single word. housing. >> pimco's mark keisel joins us now. he was named morning star's bond fund manager of 2012 just last week. mark, good to see you. and congratulations. bob pisani only joining us. mark, let's talk about that. first, congrats on this terrific naming from morning star. why housing? what's the bond play? >> i think the bond play is that there are several companies in the housing sector that can benefit from really strong cash flow growth. housing is in the beginning stages of a multi-year expansion. we're likely to see growth of 20% to 30% growth for companies. that will lead to credit upgrades for companies. there are many companies in housing that will benefit. you want to own them on the bond side. >> mark, you had a good year. good to see you again. saw you last week out at morning star. had a great year last year. up 15% in your fund. how much more difficult is it going to be to make money in fixed income this year and beyond housing how are you going to try and do it? >> good quest
CNBC
Jan 11, 2013 3:00pm EST
doesn't stop them from coming out with ipad minis. you can bet they have worked on a phone that would meet their standards and avoid cannibalizing the high-end iphones. if they release one, that's a bigger story. >> apple stock, a buy or a sell? the stock hovering around $500 a share. still well below its all-time high, so is it a buy or not? on the technical side of the story ennis tanner with me with riskreversal.com and on the tech fundamental side, jeff, we'll start with you. >> growth rates in china, it's huge, but i think there's a bigger story here in apple, and we can talk the numbers to death, but there's a transition going on. over the last six years apple has been this hyper growth company with an investor base that included everybody, including your mom, including your aunt and uncles, and now apple is starting to transform into a solid growth company, and that's why we think it's a long-term buy. we're going to see. this quarter coming up is going to be very important, and the growth in china is going to be extremely important but this is going to be a staple because over
CNBC
Jan 29, 2013 3:00pm EST
represent at least 15% of the s&p. no outside bet whether it's financials or tech. i do think that's the context. that shows we're okay, and when high-yield bonds are yielding under 6% because basically people think that the liquidity and the appetite for that kind of risk is out there, then stocks are not priced in an excessive way, i don't think right here, but do i think on a tactical basis there's a little bit too much bullishness in a short amount of time. >> let me ask you about the interest rate scenario around the world. randy, peter, those who have got money in the market here, we're seeing country after country cut rates. we know the u.s. is in a low-rate mode. we know europe is the same thing. yesterday we saw colombia adding to latin american rates coming down. today we saw india, so is there a downside risk to all these rates coming down across the world? >> well, i'm sure there is. i think the downside risk obviously is when the rates do start coming back up, but the more -- the thing that i'm more concerned about, maria, is the fact that the fed has really pegged the polic
FOX Business
Jan 16, 2013 3:00pm EST
lehman brothers and is now running a hedge fund. but he is betting big on facebook and mark zuckerberg. but also, what is his second favorite place for the year? not just his first, which is facebook. get a pen and paper. liz: not a pretty day for the power mover of the hour. chipotle mexican grill. falling $16, still $280 stock but investors may be losing their appetite for the fast food chain which is a favorite of our crew because there is one across the street. the line, you see everybody we know in our crew in the line including my floor director. it is that, his soft taco? everybody loves the burrito bowl. don't worry, chipotle read shares are down today because they're getting squashed despite reporting a 4% rise in same-store sales in the fourth quarter. food inflation, those prices taking a toll on margins. if you look at this stock since about march, it has been a very problematic around july and august with a big fall, and the move as ugly as a one-year chart looks, i want you to see the three year because it is not so bad. not as bad as it has been since three ye
CNBC
Jan 8, 2013 4:00pm EST
new year's day, 2:00 a.m. >> i know, i know. >> will the market react? >> there's a better bet right now on the government working this out and the worst scenario not coming to pass. i will tim you, maria, reading a lot of interesting scenarios given the government cash flow, how you can keep the government oh. i think we don't default because we have the cash flow to pay interest on debt, but you can like close down the department of education and justice and make your social security payment and pay your vet rarngs not the military. >> unreal. >> different ways to work, $270 billion coming in and if you get rid of the deficit spending, we can service the debt and keep parts of the government open. >> right. >> but none of it is going to be pretty. >> if it's so easy to close down agencies, why do they exist? i'll leave you with that. thanks to both of you. placing his bet on a new tablet. fittingly they are doing it in business. the head of hewlett-packard's computer business will be with me from the electronics show and why this will be different than past attempts which did
CNBC
Jan 10, 2013 4:00pm EST
discretionaries. there may not be as much pop off the bet there but looking at global credit markets as well, adding to that yield advantage that may be available there, but you'll have to pick better stocks and better bonds. >> kenny, what are you seeing? >> i'm seeing, maria, that we've hit the top. struggled with 1472. it is a high and feels bullish but in the short term we're going to hit some resistance here. i would suspect the market will back off. a couple of issues in front of us at the end of the month. i suspect if there's any sense at all that they are not going to compromise or negotiate you'll see the market come right back in. that being said i would use that, any weakness opportunity to jump right back in because i do think my sense is that the market wants to go higher this year, want to go higher this year. our economy is stabilizing. economies around the world are stabilizing so i think it's a good year. >> where are you seeing the conviction on the buy side? what sectors? >> i still think, you know, obviously financials in housing are basically intertwained, right, so as
CNBC
Jan 22, 2013 4:00pm EST
, compete in athletic endeavo endeavors. their friends bet on them and then all the money goes to find cures for childhood cancer. a terrific event and hope everybody watching today, including the two of you, will compete in this event. >> bill will do it. >> michelle is great at decathlons. guys on wall street, like to bet? who knew that. >> appreciate is very much. texas instruments is out with her innings. bertha coombs with the numbers. >> we've got texas instruments reporting earnings of 36 cents a share. that's excluding restructuring charges, and that compares to a 34-cent on that apples-to-apples expects. its revenues topped expectations as well at $2.9 billion. much more than the expectation of 2.9 and higher than what the company has done. it's on its outside. consensus earnings for 34 cents a share in the first quarter and also in terms of the revenue, a little bit light as well. 2.69 billion to 2.91 billion. analysts looking for somewhere in the range of 2.76 billion to 3.2 billion or so. you can see shares there. a little bit of disappointment. this will be the fourth stra
FOX Business
Jan 23, 2013 3:00pm EST
? >> don't know. it won't be a big number. rear betting on medical costs. liz: how concerned are you when you see a spike? when you start to see real outbreak? when that starts to happen wheat -- the bring your chief financial officer and say put together rainy day fund? >> we have every month a meeting with a bunch of actuaries and statisticians and medical management people and talk to them about what is going on in the marketplace? we saw the initial spike of the flu, what we saw was it was low in intensity, people going into the hospital, seeing people just getting sick with the flu and going home. we start to break it down and decide whether we have a major problem like we saw with h1n1 in 2009. cheryl: a breaking news is how google aggregate's the numbers vice the, city and how many people are coming down with it and do it by whose searches flew. >> we follow google in a number of conditions and the flu is one of them. cheryl: liz: let's talk about grand landscape. why did you come to davos? >> we are global company and like to understand where markets are developing and the need to
FOX Business
Jan 2, 2013 3:00pm EST
: bill, i bet your chloric intake is down to the actual calorie every day; right? >> something like that, sure. liz: you're so displained. happy new year. >> happy new year, liz. >> chief strategist at bell curve. listen to him. making great calls every time. closing bell ringing in 48 minutes. now that congress got something done finally, what's that mean for you and your money? stretching out your 2013. that's what we are looking at. that's the theme, breaking down one of the upper income brackets, and what kind of taxes they will see. what kind of itemized deductions are they allowed? you name it, we have the answers for the upper income folks, and, plus, corporate america on the debt ceiling. a ceo who fast tracked dividends payouts because he was so nervous about december 31st coming and what the taxes might have been. how he feels now, how he feels about the housing market, and are confident consumers buying things to fill houses with his products? uncertainty. ceo of ethan allen sizing up the impact on hiring, spending, and whether the fast tracking was the right move. it's a
CNBC
Jan 29, 2013 4:00pm EST
the world, you should be betting on amazon. >> aaron, what's your take in. >> we like the fundamentals, long-term outlook, 80 times earnings. be on sidelines right now. >> sidelines right here at 266. gentlemen, thanks very much. great conversation, appreciate your time. as we naff date the amazon numbers. joining me right now on set is greg mcbride and greg yip from "the economist" and ryan dietri dietrich. gentlemen, good to see you. thanks for joining us and thanks for joining us tonight. greg, what gives with this market? what's with this market? >> run a long way in a short period of time really without stopping for a breath. saw it with amazon, and i think you'll continue to see it this year. top line revenue growth is an issue. eventually market revenue will run into it. >> by the way, we're running into it right now. amazon reported revenue below estimates. does revenue stock the story of the rally going toward in is amazon a problem tomorrow? >> whether or not that's a catalyst for this market to take a breather or have a correction remains to be seen. a lot of he
CNBC
Jan 23, 2013 4:00pm EST
see another $14 from the down side into friday. >> what you're looking at is the bets being placed in the options market right now, and they seem to be suggesting come friday when we get an expiration that this stock will be appreciably lower from here. that's why you're thinking about putting a shot on right now, yes? >> yes, correct. >> okay. so this is a short-term trade, but this stock has already gone from 700 something down to 500 and something. do you think the trend is going to go lower from here? >> absolutely. you know, since that blowoff top at 705 seen sellers come in on every rally that the seller has found. since the beginning of the year, broader markets have touched new multi-year highs on a daily basis and apple massively underperforming and still have downside here. the pressure is to the down side. >> what do you think about that? >> gene's the bull in the group. >> right. >> look at last year. the stock really moved, not on the numbers, moved throughout the year based on anticipation of products. not an evaluation question. certain amount of cash. i think everyb
FOX Business
Jan 22, 2013 3:00pm EST
take dell private, but investors are betting particularly in the bond market right now that a deal is going to get done. charlie gasparino has the latest, watching the bond side of this. >> right. if you saw the stock, the stock has obviously jumped since news first broke that there may be a leveraged buyout led by michael dell, right, the founder, and silver lake partners. okay, what's interesting about this, you see the stock kind of traded up and then down a little bit, but what's really interesting is the bonds. that kind of tells a bigger story. if you look at the bonds before the deal, they were trading about 118, that's the price, okay? they're now trading at about 100. if you look at a chart, and we don't have a chart, but if you look at a yield chart, the yields have gone, i mean, this is -- it looks so dramatic, what's going on here. and it looks like investors are betting begtime that this deal does happen. why is that? well, it's a leveraged buyout. you administer bonds to it, you know, you issue more bonds, and that depresses the price of what's currently out there. so
FOX Business
Jan 24, 2013 3:00pm EST
it plays out. cheryl? cheryl: plan to report on that. peter, thank you. >> you bet. cheryl: closing bell will ring, 52 minutes to go. southwest airlines, quarterly earnings topping analysts' estimates. bookings not too shabby with a 52-week high. the business traveler coming back? a conversation with gary kelly is next. plus, liz claman on the scene in switzerland, liz? >> it's in full swing, and we are too on fox business. coming up on this hour of "countdown to the closing bell" heavy hitters from coca-cola ceo to the ceo of merck, and the ceo of cisco giving his 2013 outlook. that's all coming up here on fox business. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and conside
FOX Business
Jan 29, 2013 3:00pm EST
? betting big on a second-half recovery. live exclusive and here in the studio, stacy smith. talk about it and clear the air. what is the new fad for mobile devices in china? bigger i is better? we'll see of it is fabulous enough for the west and intel market after the break. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medi
CNBC
Jan 7, 2013 4:00pm EST
% cheap to the u.s. i think not only is china a great place, probably a safer bet than being in parts of the u.s. market and parts of europe. >> although i think it's a trade rather than an investment. >> i would hold the water on that. >> i think that we learned last week the dangers of being out of the u.s. market to some degree. we're with you. we're overweight emerging markets in here. and we see it. but i don't think we should underestimate the opportunities in the u.s. market at least by year end. >> maybe. but when you look at what's going on in washington, i mean, sure. you can call the back and forth nonsense and i agree with you. but the fact is something gets cut. so money stops going into certain areas. we are going to see only cuts as sort of an agreement around this debt ceiling. so does that impact certain sectors and earnings? >> maybe. but we're a wash in liquidity again. we're in that type of market. >> yes. >> i think the economy is going to end up being far stronger than people realize. that will take over and overtake the fiscal austerity. however we get there, i
CNBC
Jan 17, 2013 4:00pm EST
mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income. >> correct. >> let me ask you about that. even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and it's been a real bargain for borrowers. on the other hand, savers have paid a real price. >> how do you offset that knowing that it's become tougher to make money in banking? >> well, this year we grew revenues by 6% quarter over quarter from a year ago and 6% you took the whole year. almost all of it on the non-interest income side. half of our revenues come from fee for services, mortgage brokerages, other things so we don't only live on
CNBC
Jan 18, 2013 4:00pm EST
or make short bets. looking all the way to the downside now and getting bearish on the stock. listen, people are throwing up their hands, the stock is broken out from a bottoming process and could have room to go higher. one thing to be prudent about, maybe trim the position and take profits. we saw microsoft after their release, we saw the stock down since the surface release and iphone 5 is done. whether coincidence or not. i would be careful about owning the stock all the way to the upside the next couple of weeks. >> this is a real trade? >> definitely a trader's market, around 5 to 6% a day. you have to trade in and out and now you sell and maybe look for a better entry level. >> for more options, be sure to stay tuned for "options action" right after "closing bell." [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ nothing. are you steali
FOX Business
Jan 21, 2013 3:00pm EST
agency debt? or could you say with the credit tightness of banks that it's a good bet? do you see what i'm saying here? >> that's correct. and a lot of these, so-called legacy securities, if you think about the market. this is approximately a trillion dollar mortgage market. so there is still a lot of these legacy securities or legacy loans out there the in market. at the same time, all the newly originated mortgages, which are mortgages originated over last couple years are better quality borrowers because banks stepped away from lending. right now we're focused on legacy securities, again 2006 and prior. there is lot of those loans out there still. but as, we continue to evolve, the newly originated mortgages will be a great place to invest in the long run. cheryl: that was going to be my question, was, the credit profile. what type of credit profile are we talking here? particularly let's focus on the new ones. >> yes. cheryl: the older mortgages are higher quality but the new ones, what is that profile right now? >> that a great question. a lot of mortgages right now if you're a bo
FOX Business
Jan 11, 2013 3:00pm EST
to place bets ahead the weekend, but right now, on the screen, at least the nasdaq and dow are slightly above the flat line. s&p just slightly below it, and the russell 2,000 pulled back by 1.73, but, look, the russell has been on a tear the last couple weeks hitting record highs at one point. the financials, are you one of those who put your money in the big financial names at the start of the year because they did so well last year? well, financials are noticeably weak today, perhaps profit taking going on in the slew of earnings. wells fargo in a second, they kicked off earning season for the financial names. bank of america, down one and three quarters percent. citi down nearly 2%. the significant factor though is the third name on the screen. today's trading having to do with wells fargo. wells pulling back one and a quarter percent. after delivers better than expected earnings and revenue, net interest margins a big concern. tracy and ashley talked about this. they fell more than analysts anticipated, more than traders anticipated so the stock moves low e and the company
FOX Business
Jan 10, 2013 3:00pm EST
-term bet, or or is this a test the waters type of move for you? >> well, we're really beyond the test the waters, more now into the long-term bet. we really like the category. it's very interesting because a lot of people don't connect maybe a movie theaterrer with a public school area. but this is really an emerging, new class of real estate that really did not have a go-to financing partner for the industry in the same way the large format theater which was really not comfortable with the, with kind of the retail center people that needed a special investor, we took the place there. so, too, for charter schools. and so it has a lot of connection to that very same essence of being a very strong, reliable, durable category. yet no real go-to player. so we stepped in to start to field this, and we've been at it now for well over five years and several hundred million dollars now we're close to, and we really like the category and expect it to be a major emphasis for the company going forward. cheryl: i know you've tried some things that have not worked. you tried to get into winer
CNBC
Jan 25, 2013 4:00pm EST
consumption i'll put my bet with exxon on this one. >> okay. >> all right. very good. >> i don't own it. it is too big a company for us in intrepid capital but that is where i would bet. >> not exactly the small world. >> thank you, gentlemen. have a good weekend. appreciate your insight. thanks for joining us. >> thanks for having me. >> glad you found your way back. >> so the dow is ontrack for the best january since 1994. it has lost ground in only four sessions this month so far. >> indeed. we've got the weeks winners and losers. >> positive economic data and earnings fuel the nasdaq and the dow -- excuse me the dow and s&p 500 to new highs. let's talk about the individual movers. first proctor and gamble the big winner the profit beat street consensus thanks to higher cost and new products it added to its portfolio. in health care as a sector it was a better performing sector for the week. j & j topping the list. growing optimism around a potential sale or spinoff of the multi billion dollar diagnostics business has been getting the street excited. that is why the stock ende
CNBC
Jan 28, 2013 4:00pm EST
bet on toothpaste. thank you, maria. >> what were you just saying? >> i said i'd rather bet on toothpaste than banking. >> all right. >> see you in 2019. >> we will certainly follow up. thanks, gentlemen. see you soon. we appreciate your time tonight. >>> watch out below. the wall street could derail on trouble spots beyond our borders. michelle cabrera coming back in the second half of the show. >>> and up next, a more immediate problem. >> we think these sequesters will happen because the democrats have opposed our efforts to replace those cuts are others and offered no alternatives. >> house budget committee chairman paul ryan warning big spending cuts will kick in with defense being hardest hit. stick around. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious inve
FOX Business
Jan 18, 2013 3:00pm EST
. the bulls betting on morgan stanley and the bears working to take down the mother of all chipmakers. good afternoon everybody. i'm liz claman. it is the last hour of trading on this friday. countdown to the closing bell begins right now. financial biggie morgan stanley having its best day in 7 month ts. jumping $1.66 in blowout quarter. revenue smashing estimates. one of wall street's heaviest hitters the guy running the show morgan stanley chairman and ceo james gorman in the house gearing up for his one-on-one interview with charlie gasparino. that's coming up in just a few minutes. you don't want to miss that one. i don't care who else interviews james gorman, it is charlie. he is the guy you want to hear interview jim gorman. you have intel, the biggest drag on the dow jones. shares are dropping by nearly 7%. quite an interesting story here. q4 earnings per share topped analyst estimates margins improved but investors headed for the exit once intel said it would ramp up capital spending, 13 billion in cap ex in 2013. that's up from 11 billion spent last year. the problem investo
CNBC
Jan 15, 2013 4:00pm EST
bet. >> love talking with you always. coming by more often, would you, please. >> would love to. >> breaking news right now on dell. david faber with the story. >> reporter: thanks very much, maria. joining you on the phone from mid-town. want to fill in some gaps we have in terms of understanding what exactly is going on with the potential leveraged buyout of dell, and i think i can do that this afternoon. one key question we've had, of course, since we first heard this news yesterday is how do they do it on the size of the equity check? but my understanding is as follow. the equity checks are from silver lake and potentially at least one other investor, would only be around $2 billion. why is that? well, that is because dell is going to bring back cash from overseas, essentially repatriate a bit of it for a decent amount, cash is my understanding. it is seen as something that is possible to be done despite having to pay those taxes. that, of course, will lower the overall price and lower the debt, but more importantly lower the equity check that would be need needed. the price
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